UT HJR027

Encourages the federal government to adopt a uniform national framework allowing traditional financial institutions (banks and credit unions) to provide custody services for digital assets including cryptocurrencies like Bitcoin and Ethereum

Calls for federal action to permit traditional financial institutions to partner with regulated cryptocurrency firms and offer secure methods for customers to access digital assets

Cites current lack of federal regulatory framework as creating uncertainty and preventing banks from offering safe, regulated custody services, leaving customers at higher risk of fraud, hacking, and mismanagement

Argues that keeping digital assets in Utah-based institutions rather than offshore exchanges would create new revenue streams for Utah financial institutions and enhance the state's reputation as a fintech leader

Directs that copies of the resolution be sent to the U.S. Senate Majority Leader, Speaker of the House, and Utah's congressional delegation